1. Introduction to Macroeconomics

Which of the following represents a Keynesian point of view in macroeconomics?

Which of the following is a strategy that Country M is planning to use to encourage economic growth?

How did the gross national product (GNP) of the United States change between 1940 and 1944?

During the 2007–2009 recession, why did U.S. net exports increase?

If an economy experiences deflation, then which of the following is most likely to occur?

Which of the following statements best describes the concept of an automatic stabilizer in economics?

Economic growth is primarily the result of which of the following?

To combat wartime inflation, the U.S. government did all of the following except:

The term 'full employment GDP' is synonymous with which of the following?

Why are most modern economies considered mixed economies, combining elements of both command and market systems?

Which of the following best explains why an unexpected increase in total spending will cause an increase in GDP?

In macroeconomics, an aggregate is a collection of which of the following?

Suppose the government increases its spending while the economy is currently operating below potential output. How will this change affect the output gap?

Until the COVID-19 pandemic affected the economy, what best describes the trend in the value of foreign direct investment (FDI) over the last 30 years?

Based on his economic policy, President Reagan believed that most Americans would experience which of the following outcomes?